Today, the Baltimore Peninsula development team, led by MAG Partners and MacFarlane Partners with investments from Sagamore Ventures and Goldman Sachs Asset Management Urban Investment Group, announced that real estate services firm Cushman & Wakefield (NYSE: CWK) has been retained as the exclusive office leasing agent for Baltimore Peninsula.
Cushman & Wakefield’s Courtenay Jenkins, Rich Thomas, Matt Melnick and Linn Worthington will be leading the marketing efforts for the 440,000 square feet of office space within the 235-acre mixed-use development.
“Top firms have set their sights on Baltimore Peninsula, noting that it is the highest quality and best-performing office space in the market,” said MaryAnne Gilmartin, Founder and CEO of MAG Partners. “We are looking forward to leveraging Cushman & Wakefield’s global reach and premier reputation to continue this momentum and amplify the dynamic community we have built here in Baltimore – a place where people not only want to live but also work and thrive.”
“Baltimore Peninsula offers the ideal setting for businesses looking to grow in a vibrant community and unparalleled waterfront location,” said Jenkins of Cushman & Wakefield. “We are committed to ensuring the success of this remarkable destination and look forward to building a brighter future for Baltimore together.”
In January, CFG Bank signed a long-term lease for three floors, totaling 97,000 square feet of office space, in 2455 House Street in Baltimore Peninsula. 2455 House Street will serve as the headquarters for CFG Bank, as well as Capital Funding Group and the Jack and Nancy Dwyer Workforce Development Center, Inc. In September, architecture and interior design firm H. Chambers Company signed a long-term lease for 9,000 square feet of office space at Rye Street Market.
The announcement of this assignment comes as Baltimore Peninsula nears completion of the first phase of vertical construction, with over 1.1 million square feet of new office, retail, and mixed-income residential planned. It also follows the launch of residential leasing in April at 250 Mission and Rye House, which comprises a total of 416 residences with 20 percent including affordable housing.
